Category: Tax Planning & Compliance

In our last post, we reviewed the main advantages and disadvantages of joint tax returns for married couples. This post will focus on when a married couple should consider filing separately, and special considerations if they reside in a community property state. When to consider filing separately Following are the...

IRS data indicates that over 95% of married couples file jointly – and for most, but not all, couples this makes good economic sense. In this two-part series, we will discuss the advantages and disadvantages of filing joint and separate tax returns and how filing separately works for people who...

In Part I, we outlined the scope of the November 2016 summons served on Coinbase to identify its users and their transaction activity and the IRS’ justification for requesting this data under 26 U.S. Code § 7602. Section 7602 also provides, however, that any person who is entitled to notice...

What's Inside: Tax Calendar Due Date Change: Partnership Returns Tax Filing: Form 1095 Is Health Insurance Required? Tax Credits and Documentation It's tax season and we are hard at work preparing returns and answering tax questions. If you have tax questions or concerns, please do not hesitate to contact us....

What's Inside: Tax Calendar 2016 Tax Preparation Tax Season Scams: Be Wary! Handling Tax Penalties Managing Tax Debt Small Business Tax Changes Bartering as a Business Strategy Tax Calendar February 28 Payers must file informational returns with the IRS. (Except certain Forms 1099-MISC with non-employee compensation payments in box 7,...

What's Inside: Tax Calendar First Quarter Deadlines New W-2 and 1099 Due Date Extended 1095 Due Date 2017 Financial Fitness Tax Refund Delays Litigation Focus – Employment Taxes Happy New Year! We wish you prosperity and good health in 2017. At Moskowitz LLP, we look forward to continuing to represent...